$CTBB

2012 Q2 Form 10-Q Financial Statement

#000104746912008289 Filed on August 14, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $2.195B $2.231B
YoY Change -1.61%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.740B $1.861B
YoY Change -6.5%
Operating Profit $455.0M $370.0M
YoY Change 22.97%
Interest Expense $88.00M
YoY Change
% of Operating Profit 23.78%
Other Income/Expense, Net -$164.0M -$89.00M
YoY Change 84.27%
Pretax Income $291.0M $281.0M
YoY Change 3.56%
Income Tax $113.0M $116.0M
% Of Pretax Income 38.83% 41.28%
Net Earnings $178.0M
YoY Change
Net Earnings / Revenue 8.11%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 1.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.000M $12.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.263B
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.266B
YoY Change
Goodwill $9.369B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $15.64B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $2.263B
Total Long-Term Assets $15.64B
Total Assets $25.17B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.890B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.890B
Total Long-Term Liabilities
Total Liabilities
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.990B $10.09B
YoY Change
Total Liabilities & Shareholders Equity $25.17B
YoY Change

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $178.0M
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.000M
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $100.0M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $839.0M
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6872000000 USD
CY2012Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1291000000 USD
CY2012Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-156000000 USD
CY2011Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8261000000 USD
CY2011Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
8325000000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
9369000000 USD
CY2012Q2 us-gaap Goodwill
Goodwill
9369000000 USD
CY2011Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
319000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
561000000 USD
CY2012Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
287000000 USD
CY2011Q2 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-189000000 USD
CY2011Q2 us-gaap Revenues
Revenues
2231000000 USD
us-gaap Revenues
Revenues
4455000000 USD
CY2012Q2 us-gaap Revenues
Revenues
2195000000 USD
ctq Number Of Categories Of Products And Services
NumberOfCategoriesOfProductsAndServices
3 item
CY2012Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
14 item
CY2012Q1 ctq Tax Benefit Associated With Deduction For Pension Funding Recognized In Equity Contribution
TaxBenefitAssociatedWithDeductionForPensionFundingRecognizedInEquityContribution
119000000 USD
dei Entity Registrant Name
EntityRegistrantName
QWEST CORP
dei Entity Central Index Key
EntityCentralIndexKey
0000068622
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
1740000000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
455000000 USD
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-164000000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
291000000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
178000000 USD
us-gaap Operating Expenses
OperatingExpenses
3534000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
921000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-276000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
645000000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
396000000 USD
CY2011Q2 us-gaap Revenues From External Customers
RevenuesFromExternalCustomers
1816000000 USD
CY2011Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
415000000 USD
CY2011Q2 us-gaap Affiliate Costs
AffiliateCosts
73000000 USD
CY2011Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
623000000 USD
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
1861000000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
370000000 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
88000000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
1168000000 USD
CY2011Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
180000000 USD
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
256000000 USD
CY2011Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
221000000 USD
CY2011Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-89000000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
281000000 USD
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
165000000 USD
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
178000000 USD
CY2011Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
165000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
396000000 USD
CY2012Q2 us-gaap Assets Current
AssetsCurrent
2263000000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7266000000 USD
CY2012Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
15640000000 USD
CY2012Q2 us-gaap Assets
Assets
25169000000 USD
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3890000000 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q2 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
4417000000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
9990000000 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25169000000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3000000 USD
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
707000000 USD
CY2011Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
198000000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
162000000 USD
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
98000000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8420000000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
914000000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7506000000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
205000000 USD
CY2011Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
16135000000 USD
CY2011Q4 us-gaap Assets
Assets
24809000000 USD
CY2011Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
64000000 USD
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
656000000 USD
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
133000000 USD
CY2011Q4 us-gaap Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
265000000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2085000000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2842000000 USD
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
1572000000 USD
CY2011Q4 us-gaap Deferred Revenue And Credits Noncurrent
DeferredRevenueAndCreditsNoncurrent
184000000 USD
CY2011Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
4598000000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
9950000000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-85000000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
9865000000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24809000000 USD
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
47000000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
42000000 USD
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1 shares
CY2011Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
73000000 USD
CY2011Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000000 USD
CY2011Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20000000 USD
CY2011Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-35000000 USD
CY2011Q2 ctq Increase Decrease In Affiliates Receivables Or Payable Net
IncreaseDecreaseInAffiliatesReceivablesOrPayableNet
193000000 USD
CY2011Q2 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-52000000 USD
CY2011Q2 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
-54000000 USD
CY2011Q2 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-43000000 USD
CY2011Q2 ctq Increase Decrease In Changes In Other Noncurrent Assets And Liabilities Affiliates
IncreaseDecreaseInChangesInOtherNoncurrentAssetsAndLiabilitiesAffiliates
7000000 USD
CY2011Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
610000000 USD
CY2011Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
300000000 USD
CY2011Q2 ctq Changes In Advances To Affiliates
ChangesInAdvancesToAffiliates
191000000 USD
CY2011Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2011Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-490000000 USD
CY2011Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
643000000 USD
CY2011Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
839000000 USD
CY2011Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
100000000 USD
CY2011Q2 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-309000000 USD
CY2011Q2 ctq Universal Service Funds Taxes And Surcharges
UniversalServiceFundsTaxesAndSurcharges
41000000 USD
ctq Universal Service Funds Taxes And Surcharges
UniversalServiceFundsTaxesAndSurcharges
87000000 USD
CY2012Q2 ctq Universal Service Funds Taxes And Surcharges
UniversalServiceFundsTaxesAndSurcharges
43000000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1788000000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1960000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
173000000 USD
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
1000000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4000000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12000000 USD
CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201000000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
10088000000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4742000000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5101000000 USD
CY2011Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1460000000 USD
CY2012Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1329000000 USD
CY2011Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1000000 USD
CY2011Q4 ctq Dividends Payable To Related Party Current
DividendsPayableToRelatedPartyCurrent
310000000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
390000000 USD

Files In Submission

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0001047469-12-008289.txt Edgar Link pending
0001047469-12-008289-xbrl.zip Edgar Link pending
a2210671z10-q.htm Edgar Link pending
a2210671zex-31_1.htm Edgar Link pending
a2210671zex-31_2.htm Edgar Link pending
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ctq-20120630.xml Edgar Link completed
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